[detective]

The MSM has consistently lied about the extent of mortgage fraud and covered it up. This began in the 1990’s and was due to pressure and encouragement from Fannie Mae, HUD and other federal agencies as well as the threat of lawsuits.

Obama worked on a lawsuit against Citibank forcing them to lower their credit standards for mortgages.

Now after having lied to the American people for over a decade while the problem got out of control, 60 Minutes is finally reporting on one small part of the problem as if it were news. They are conveniently ignoring the the active participants like Barney Frank and other Democrats who caused the problem.

The MSM are liars, it is as simple as that.

[SMARTY]

“Now after having lied to the American people for over a decade...”

THAT is more than mendacity. It is complicity!

[PrincessB]

Actually, ABC did a piece around 2004 or so about the housing bubble. It was on 20/20 I think. I remember a cartoon illustration of people (homeowners) chewing bubble gum and blowing bubbles that got progressively larger. The prediction was that all the chewing gum bubbles would pop and the people would have gum on their faces. I wish they’d pull that piece from the archives.